Over 14 years, Mexico’s crude oil output has dropped from 3.5 million to 1.9 million barrels a day, López Obrador said last week. Mexico's President-elect Andrés Manuel López Obrador announced a $16 billion investment plan last Friday to boost flagging oil production. (AP Photo/Marco Ugarte)The incoming López Obrador, however, spent much of his career opposing foreign investment in the state energy sector. For the post of chief executive of Pemex, López Obrador would install Octavio Romero Oropeza, an agronomist. López Obrador also plans to name Rocio Nahle, a 53-year-old congresswoman and former chemical engineer, as his energy minister.

Source: Washington Post August 01, 2018 12:12 UTC